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Friday, December 18, 2015

Your Child's Career Planning- Are you on the same page as your child?

Once we become a parent, when someone asks us the best moment in a parent’s life, we would most probably say the day our child was born. And some years down the line, if you were asked what the next best moment in your life is? You would most probably say, the day you saw your child well settled in life.

And as parents, you would want nothing but the best for your child. Be it a shiny new toy, the best clothes, the best schooling, the best locality to live in – you will desire all the best things in life that you can afford for your family. And you always strive to do the best. Even when one fine day your child comes to you and tells you that he/she wants to become an Astronaut. You smile and say to your little one, to keep dreaming that dream and that one day you will make it happen for them, come what may. Your child continues to pursue on their passion and dream of becoming an astronaut one day when he grows up.

But have you thought about the best higher education for your child yet? Have you started planning for the finances for your child’s education? Did you#DoYourHomeworkfor your child’s future?

Is your version of being future ready for your child’s higher education a mere education loan?

These and more questions were addressed through an interesting exercise for the new investor education awareness campaign called #DoYourHomework by Axis Mutual Fund.

A while back, I was invited to Axis Mutual Fund’s Blogger’s Meet at Axis House, Lower Parel in Mumbai to do my homework for my child's future.

About the Exercise:

The spacious room where the meet was hosted, had lined up six pairs of easels with their backs to each other.

Parents and their children were invited over and were asked to paint what they thought their child wanted to be when they grew up. Likewise, their children were asked to paint what they wanted to be when they grew up.

When they were done, their paintings were displayed for all to see.

Through the results, parents realised how different their opinion of their child’s ambition is from their child in most cases.

Through this experiment, parents realised whether or not they were on the same page as their child when it comes to theirchild’s aspirations.

In conclusion, I came to understand that children of this generation have the complete freedom to choose the career of their choice and keeping this in mind for my child - though I will undisputedly support it emotionally - I’ll have to also support it financially as well.

Try it out for yourself!

In case you found this interesting, just try this exercise with your child. You might just be surprised by the results!

After reading this post, you can head to the#DoYourHomework micro-siteand explore the fun side of doing one’s homework with story books, colouring books for your kid and the #DoYourHomework calculator for parents.

Alternatively, you can also download the Homework App on your mobile.

You and your spouse work hard day in and day out. Now is time for your money also work hard for you. Get started onplanning for your child's future,because it's is never too early!